FinTech News

SellersFi Credit Facility and Equity Round

by Kyle BurbankDec 14, 2023

SellersFi has announced a number of updates, including a credit facility, equity investment round, and more.

About the round and investments:

This week, SellersFi made a trio of announcements. First, the company revealed that it closed a debt facility with Citi and Fasanara Capital. Specifically, Citi will provide the senior capital with Fasanara providing junior capital. While this facility is for $135 million, it has the potential to grow up to $300 million.

In addition to the credit facility, SellersFi also announced a new funding round — although it did not disclose the total. The round included investment from Citi and Fasanara along with returning investor Northzone. Previously, SellersFi raised a $166.5 million Series A in 2021. That round was led by Northzone.

Lastly, the FinTech also announced an equity investment by MUFG Innovation Partners (MUIP). Once again, details of this investment were not disclosed. However, according to SellersFi, the partnership “is not just about a financial investment” and, instead, represents a shared vision that includes financial inclusivity and innovation.

About SellersFi:

Formerly known as SellersFunding, SellersFi is a FinTech solution for e-commerce brands. Among the services offered are AI-driven credit scoring models and cash management tools for merchants. What’s more, the company notes that their solutions can be integrated together to create a “holistic approach to e‑commerce finance.”

What they’re saying:

SellersFi CEO Ricardo Pero had a lot to say about these developments. First, regarding Citi, Pero stated, “We are thrilled to welcome Citi as a strategic investor in SellersFi. This investment marks a significant milestone in our journey to revolutionize the e-commerce financing landscape.” Pero added, “Citi’s investment not only validates our vision but also strengthens our mission to empower online sellers worldwide with innovative financial solutions. Together, we will unlock new possibilities and drive unparalleled growth for e-commerce businesses, disrupting the way e-commerce merchants meet their needs of working capital and manage their finances.”

As for the investment from MUIP, Pero explained, “This investment indicates a shared vision by SellersFi and MUIP allowing us to fully utilize MUIP’s extensive global network and deep-rooted expertise in financial markets. Together, we are ready to bring SellersFi’s innovative e-commerce financing solutions to a larger audience.”

My thoughts:

For a bit of “inside baseball,” this news was revealed by SellerFi via three separate press releases. As someone who covers a lot of these types of announcements, this is a fairly strange move. Setting that aside, putting these three developments together, it does sound as though SellersFi is setting itself up for success. So, while I’d love to know how much the company raised in equity to compare it to its debt facility, the future looks bright for SellersFi.

Author

Kyle Burbank

Head Writer ~ Fioney

Kyle is the head writer for Fioney. He is a personal finance nerd, constantly looking for new apps and services to test and incorporate into his own financial game plan. In addition to his role at Fioney, he's written for other publications including Born2Invest, Lifehack, and Laughing Place, as well as his own site Money@30. He also creates personal finance and travel-related videos for Fioney's YouTube channel, which has garnered more than 2 million views. Currently, Kyle resides in Springfield, Missouri with his wife of 10 years. Together, they enjoy traveling (including visiting Disney Parks around the world), dining, and playing with their dog Rigby.

NerdWallet Introduces Monthly "Financial Resilience Index"

by Kyle BurbankMay 22, 2026

The popular personal finance site NerdWallet has premiered a new monthly index meant to highlight how prepared American consumers are for economic uncertainty. About the Financial Resilience Index: This week, NerdWallet introduced the Financial Resilience Index. For this index, the site commissioned Harris Poll to survey 2,072 adults in the United States. These respondents were asked questions across three different categories: financial security, financial strength, and economic outlook. Specifically, the...

Credit Card News

Fanatics to Launch Rewards Credit Card with American Express

by Kyle BurbankMay 21, 2026

American Express and Fanatics have announced a partnership that will not only result in a new rewards credit card but will also lead to a new option for other cardholders. About the Fanatics American Express Card: This week, Amex revealed that it was teaming up with the sports merchandise site Fanatics. As part of this partnership, the two will create the Fanatics American Express Card. According to a press release,...

Personal Finance News

Bilt Partners with Flying Blue for Rewards on Rent for Cardholders

by Kyle BurbankMay 20, 2026

Those with the Air France/KLM rewards credit card can now earn bonus miles when paying rent via the Bilt platform. About the Bilt/Flying Blue Rent Payment Offer: Bilt is expanding its rent payment platform to give those with the Air France KLM Visa Signature Credit Card greater mileage rewards. Now, those cardholders can earn a total of 3 Flying Blue miles per $1 spent on rent payments made using Bilt....